John Maynard Keynes

Posts About

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  Let's Move Past the Hayek-Keynes Debate

  The debate between Hayek and Keynes on the question of depressions still looms large in the economics profession, at least in the way it’s taught and communicated, and – in some corners – still in the way it’s conducted. Formative as that debate was, being several decades prior to the . . .
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  Against Savings: A Suggested Exposition of the Markets for Money and Credit

  The notion of savings in economics has a variety of mutually incompatible meanings, and for the sake of clarity should be jettisoned. The textbook loanable funds model, for example, was developed in the context of unintermediated lending, and when applied to bank lending, results in a naïve conception of banks . . .